IIM Ranchi - Indian Institute of Management

Hi, to determine its worth of joining the best MBA colleges in Ranchi, you need to check its Return on Investment (ROI). Listed below are some of the best MBA colleges in Ranchi along with their total tuition fees and average placement package:

Hope this information proves beneficial for you!

IIM Ranchi is a government University.  The Indian Institute of Management Ranchi is a public business school located in Ranchi, Jharkhand, India. Established on 15 December 2009, it became India's ninth Indian Institute of Management. It commenced classes on 6 July 2010, marking the inception of the institute under the 11th Five Year Plan.

IIM Ranchi is one of the most prestigious Management institutes in India. The institute has been ranked by several prominent organisations. NIRF 2023 has ranked IIM Ranchi at 24th position in the Management category. Additionally, the institute is ranked 7th by Outlook 2023 in the MBA (government) category in India. IIM Ranchi is also ranked 19th among the top MBA institutes in India by IIRF 2023.

The fees structure for various programme is as follows : 

The fee for MBA, MBA-HR & MBA-BA programme for the batch 2023-25 will be Rs. 17.20 Lacs (excluding Caution. Deposit, Alumni Fee & Mess Expense).

XISS Ranchi claims to have 100% placement. However, some say that not everyone who is placed is happy with their job. The highest package offered to the MBA batch at XISS Ranchi was INR 20.50 LPA in 2021-2023. The average CTC for 2023 was INR 9.40 LPA, however, IIM Ranchi's top salary was INR 67 Lacs in 2023. The average salary for the Finance profile was INR 24.60 lakhs, for Sales and Marketing it was INR 25.40 Lacs and INR 25.10 Lacs for IT. There is no doubt that XISS is one of the best management institutions in Jharkhand. Professionals from XISS are said to have a good reputation in the corporate world.

The difficulty level of IPMAT depends on how much preaparation a candidate has done. Candidate's IPMAT preparation strategy should be systematic and cover complete IPMAT syllabus. IPMAT is a national-level entrance exam which is conducted by the prestigious IIM Indore for admission to the five-year IPM course offered IIM Indore, IIM Ranchi, etc. Candidates planning to appear for IPMAT must know that good IPMAT preparation can help them go a long way. Candidates from all streams can appear for the IPMAT exam and those with strong mathematical skills can easily crack IPMAT.

Sure, you should apply to IIM Ranchi IPM course if you are not sure about IIM Indore for a safer side. The five-year IPM course was first launched by IIM Indore in 2011, later in 2021, IIM Ranchi also introduced the same course for its students.

For a clear vision, a comparison between IPM offered at IIM Ranchi and IIM Indore on the basis of course and placement is mentioned in the table below:

Yes, the total fee of INR 12.75 Lacs can be paid in three instalments of INR 4.25 lakh. The first instalment has to be submitted at the time of joining, the second during term III and the third one in term V.